Rapid City MI Real Estate & Commercial for Sale

Rare investment opportunity! This 16-unit apartment complex is nestled in a charming country setting, just 3.5 miles away from the renowned Torch Lake sandbar. Situated on a spacious 2.5-acre lot, this property is zoned commercial-improved, offering a myriad of possibilities for savvy investors. With all tenants on month-to-month leases and up-to-date on rent, the groundwork is laid for a smooth transition into ownership. More than 50% of the units have been remodeled, including cabinets, countertops, carpet, and fixtures. New roof installed approximately 2019. The property is serviced by a well and septic system, providing a cost-effective and reliable utility solution. Each apartment features separate electrical service meters and electric heating sources, ensuring convenience and efficiency for both tenants and landlord. A notable feature of this property is the recent installation of fiber optic connectivity at the road, enhancing its appeal in today's digital world. Additionally, amenities such as an office space and a laundry mat with hook-ups ready for your machines offer added value to this enticing offer. A significant advantage of this property is its history as a former motel, presenting a lucrative opportunity given the scarcity of similar accommodations near the Torch Lake sandbar. Don't miss out on the chance to own a piece of prime real estate this versatile property opens up endless potential for lucrative ventures.

Great location and building for your commercial needs located in downtown Rapid City. Sitting just off Rapid City Rd, this building offers a lot of different options for business use. Retail, office space, and/or a restaurant would be a great addition to the town. Features include large covered porch for a welcoming entry. Large front windows, drywall, carpeting, office area, restroom, covered porch, metal roof and a storage area. Paved county maintained road. Rapid City is a gateway to Torch Lake, Torch River, Clam Lake, Alden, Bellaire and much more.

Commercial Block Building in Rapid City with new roof. Building was used as a service station with 3 service bays. Pull under canopy attached to front of building. Paved parking area and aprons to the bays. Large over head doors. Corner lot with busy main road frontage leading to Torch Lake, Alden or Acme and Traverse City. Plenty of possibilities with this building and location. In the early 2000s when the tanks were removed.